For three years in a row, income among consumers has increased. Alexander Machine Tool has had sales
Question:
For three years in a row, income among consumers has increased. Alexander Machine Tool has had sales increases in each of these three years. Does Alexander Machine Tool produce inferior or normal goods? Forecasts predict that income will continue to rise in the future. Should Alexander Machine Tool anticipate that demand for its products will continue to rise? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
The increase in sales might have been motivated by factors other than t...View the full answer
Answered By
Ajeet Singh
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
4+ Reviews
24+ Question Solved
Related Book For
Managerial Economics and Organizational Architecture
ISBN: 978-0073375823
5th edition
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
Question Posted:
Students also viewed these Business questions
-
1. Discuss the pros and cons of altering the catalogue using: a. Deontology, b. Utilitarianism, and c. Virtue ethics. 2. Should a company alter its marketing campaigns to reflect biases that might be...
-
1. How might a cell phone manufacturer, an elementary school and the local post office each benefit from Toyotas concept of kaizen? 2. Do you believe that a U.S. automaker would keep auto assembly...
-
1. Go to www.gartner.com/DisplayDocument?doc_cd234062, select another company on Gartner's Supply Chain Top 25, and describe that company's supply chain. Discuss the role technology plays in that...
-
In contrast to our analysis in Section 5.4.3, Carlton and Loury (1980) suggest that a Pigouvian tax alone will not lead to a long run social optimum for competitive polluting firms. Using their...
-
Would you support an amendment to the say-on-pay to make shareholder votes on CEO compensation packages binding? Why or why not? Explain your reasoning. Should U.S. citizens have the ability to vote...
-
White light (400. nm < < 700. nm) shines onto a puddle of water (n = 1.33). There is a thin (100.0 nm thick) layer of oil (n = 1.47) on top of the water. What wavelengths of light would you see...
-
Ignoring tax issues, would a shareholder with a 51% controlling interest in a company be better off buying another company or merging with it?
-
Alder Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the next year. Two units of raw material are required to produce each unit of...
-
Recall Carol's plans to plant 4 tree seedlings in the yard. She wants to buy bark mulch to place in a circle with a 48-inch diameter around the base of each tree. She has been told to lay the mulch 3...
-
A stone is thrown into the air at an angle above the horizontal and feels negligible air resistance. Which graph in Fig. Q3.16 best depicts the stones speed v as a function of time t while it is in...
-
The Alexander Machine Tool Company faces a linear demand curve. Currently, it is selling at a price and quantity where its demand elasticity is 1.5. Consultants have suggested that the company expand...
-
The cross elasticity between product A and product B is 10. Do you think that product A is likely to face an elastic or inelastic demand curve? Explain.
-
Assume Nile.com began April with 14 units of inventory that cost a total of $266. During April, Nile.com purchased and sold goods as follows: Under the FIFO inventory costing method and the perpetual...
-
Based on Barbara Allen's article about Tessie Hutchinson being the scapegoat in "The Lottery," what can be found in the text which might support Allen's evaluation
-
The Green Corporation is a software start-up company in need of a marketing plan for exposure in the marketplace. The Green Company has hired your marketing firm to assist in making these management...
-
How do genomic imprinting and maternal effects influence inheritance patterns and gene expression dynamics, and what are the evolutionary implications of these non-Mendelian inheritance mechanisms ?
-
Problem 16 Factory Overhead Variance Wonder uses the following equation to budget its factory overhead: FOH = P1,200,000+ P2 per direct labor hour Wonder has budgeted 600,000 direct labor hours for...
-
Nomsa was appointed six months ago as a Secretary in the Department of Finance. During her onboarding meeting she was told she will be a minuting secretary to the Departmental Committee meeting that...
-
Determine the coordinate direction angles , , of force F, so that the moment of F about O is zero. 0.4 m A, -0.5 m- 0.3 m
-
Solve each equation or inequality. |6x8-4 = 0
-
Over the past decade, the federal government has taken significant steps to encourage the development of ethanol and other fuels made from plants as a partial replacement for gasoline. These actions...
-
In his analysis of Californias Proposition 103 (see Illustration 4.2), Benjamin Zycher notes that one of the most important provisions of this proposition is eliminating the practice by insurance...
-
Joy Land Toys, a toy manufacturer, is experiencing quality problems on its assembly line. The marketing division estimates that each defective toy that leaves the plant costs the firm $10, on...
-
The financial statements for Armstrong and Blair companies are summarized here: Armstrong Company Blair Company Balance Sheet Cash $ 35,000 $ 22,000 Accounts Receivable, Net 40,000 30,000 Inventory...
-
You are a financial manager at Bigtime Limited (Bigtime), a Cape Town based company listed on the JSE that runs an online betting hub focused on gaming and sports events in Southern Africa. During...
-
Which of the following statements regarding the Qualified Plug-in Electric Drive Motor Vehicle Credit are correct? Question 124Select one: a. A taxpayer must take the Alternative Motor Vehicle Credit...
Study smarter with the SolutionInn App